Artificial Intelligence (AI) solutions provider Fractal Analytics has filed its red herring prospectus (RHP) with the capital markets regulator, cutting its IPO size from what it had proposed earlier in its draft papers.
According to the RHP, Fractal’s public issue has been reduced by 42% to Rs 2,834 crore, from the Rs 4,900 crore IPO outlined in its draft red herring prospectus (DRHP) last year.
The revised IPO will comprise a fresh issue of shares worth Rs 1,023.5 crore and an offer for sale (OFS) of Rs 1,810.4 crore by existing shareholders….

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